Indonesia's Medco Energi Plans Exploration Drilling in South Senoro This Year

OIL AND GAS - TANGERANG. Indonesian oil and gas company Medco Energi Internasional plans to start exploration drilling in the South Senoro field this year, after the company secured a 20-year contract extension for its Senoro-Toili working area, a company official said.

The production sharing contract for the Senoro-Toili block, one of Indonesia's main natural gas producing blocks, has been extended to 2047. Most of the gas produced from the block is processed into liquefied natural gas (LNG) to be exported.

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